After Amazon Raises Minimum Wage to $15, Bernie Sanders Says McDonald’s Should Do the Same

Bernie Sanders isn’t stopping at Amazon. His next target: McDonald’s. The Vermont Senator, a longtime critic of the wages paid to entry-level Amazon workers, praised CEO Jeff Bezos on Tuesday when he announced a raise of starting pay to $15 per hour. Then Sanders...

7,700 Marriott Workers Went on Strike in Eight Cities

When convention-goer Scott Kelly arrived last Saturday at the Westin St. Francis Hotel, a Marriott property in downtown San Fncisco, he had to elbow his way through a picket line and a clamorous hotel lobby. After he got into his room at 8:45 p.m., chanting from...
I wanna drive away

What the Sirius-Pandora deal might mean for ad firm Rubicon

Sirius XM’s acquisition of Pandora could deepen digital advertiser’s relationship with drive-time. Pandora’s ad-driven streaming will catch the millions of listeners Sirius doesn’t hook with trials of its subscription service popular in new vehicles, said Sirius XM...
CVS store in Willimantic, Connecticut

Opponents of the CVS-Aetna merger make their case

Image: CVS store in Willimantic, Connecticut. Photo by flickr user JJBers Allowing CVS and Aetna to merge would create a $147 billion healthcare juggernaut against which no pharmacy or insurance company could hope to compete, said opponents of the deal in a hearing...

Disney concedes Sky to Comcast, turns attention to its streaming app

Disney has agreed to Fox’s decision to sell its stake in Sky, the European pay television company. The sale improves Disney’s balance sheet, allowing the company to direct its already considerable assets into a streaming app that’s promised to roll out in late 2019....

AT&T says Xandr will take on Facebook and Google. Investors aren’t so sure.

After two acquisitions this summer, AT&T plans to take on platform advertisers like Facebook and Google. Investors aren’t yet sure the pivot will pay off.

Overstock Subsidiary Medici Ventures Invests in Crypto Wine Startup

Overstock.com, Inc. is setting its foot in the startup market—again. The online furniture retailer’s blockchain-focused business, Medici Ventures, has invested in an Israel-based platform that aims to streamline wine futures trading and reduce fraud through...

Blue Apron Turns to GrubHub in Fight to Reach New Customers

  Blue Apron is now offering meal-kits to New Yorkers via Grubhub. Arriving on-demand in under an hour, the kits are as simple to order as a pizza. The only catch: the food still has to be cooked. Meal-kit company Blue Apron has struggled to attract new long-term...

AT&T, DoJ unite against Calif. net neutrality law

AT&T (NYSE: T) has joined forces with the U.S. Department of Justice in mounting complementary legal challenges to California’s new net neutrality law. The move aligns the two recent antagonists, as the Department of Justice’s Antitrust Division is still appealing to...

Trade deal gives Ford a temporary, but not lasting, boost

When the United States, Mexico, and Canada reached a new trade agreement on Monday, Oct. 1, many American automotive companies breathed a sigh of relief. Ford was one of them. The pending deal puts to bed President Trump’s threat in May to tax all auto imports. While...
Investors bet that auto stocks will make a comeback

Investors bet that auto stocks will make a comeback

Investors that think old dogs can learn new tricks are betting that the investments American automotive companies are making in new technology will pay off in the future. The S&P 500 Automobiles and Components industry group index has fallen 16.76 percent in the last...

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U.S. Hotel Stocks Cool Down After Tax-Cut Rally

U.S. Hotel Stocks Cool Down After Tax-Cut Rally

  U.S. hotel stocks have cooled down after the surge led by the GOP corporate tax cut. Analysts say that they are fairly valued now and will trade in narrow range for the rest of the year. The whole market rallied after the corporate tax cut passed last November, but...

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Facebook Is Too Big To Fail

Facebook Is Too Big To Fail

Facebook Inc., the world’s most popular social-media site, has a fake news problem. The company found that false advertisements from Russian troll farms, which intended to influence the 2016 us presidential election, were delivered to over 120 million users on its...

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Tesla takes charge of its future

Tesla takes charge of its future

Sprawled across a parched landscape in Nevada, Tesla is constructing the most massive building in the world. The electric-car maker calls it the Gigafactory. And it’s already estimated to equal 35 Costco stores combined. The grand structure is meant to accelerate the...

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Boeing cuts workers despite soaring demand

Boeing cuts workers despite soaring demand

Boeing’s plans to trim its workforce and streamline operations is being tested even though demand is up, shares are soaring, and it’s ramping up production on older and newer airplane models. Over the past year, the aerospace and defense manufacturer has cut more than...

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Investment Journal

Welcome to Investment Journal, a site covering the world of business right from Times Square. The site is produced by reporters at the New York City News Service and the Craig Newmark Graduate School of Journalism at CUNY. Email your comments to greg.david@journalism.cuny.edu.